Icelandic Salmon Full Year 2022 Earnings: Beats Expectations

Icelandic Salmon (OB:ISLAX) Full Year 2022 Results

Key Financial Results

• Revenue: €157.6m (up 74% from FY 2021).
• Net income: €34.9m (up by €32.6m from FY 2021).
• Profit margin: 22% (up from 2.6% in FY 2021). The increase in margin was driven by higher revenue.
• EPS: €1.13 (up from €0.076 in FY 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Icelandic Salmon Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 4.2%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Food industry in Norway.

Performance of the Norwegian Food industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Icelandic Salmon has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.